Yong Tai signs 5 MoUs involving 5 property projects with GDV of RM7bil


Deal sealed: Ng (left) exchanging documents with PTS Impression executive director Datuk Seri Lee ee Hoe after the signing of an MOU. With them are (from left) Malacca Chief Minister Datuk Seri Idris Harun and Minister in the Prime Minister's Office Datuk Dr Wee Ka Siong.

PETALING JAYA: Garment-maker-turned-property developer Yong Tai Bhd has entered into five separate memorandums of understanding (MoUs) to acquire land and businesses that can provide the company with five potential property development projects in the Klang Valley, Malacca and Johor.

Yong Tai told Bursa the five projects were expected to carry a combined gross development value (GDV) of RM7bil over the next eight years.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Yong Tai , property , projects , gdv , stocks , shares , klci , klse ,

   

Next In Business News

Pioneering car chip design
Carimin wins five-year oil and gas job
Heineken to sustain growth momentum
Solarvest unit secures TNB contract
Amir Hamzah: SST enhancements expected to help generate RM51.7bil revenue in 2025
Atlan to contest award compensation for compulsory land acquisition
Capital A's MRO arm receives Vietnam's Civil Aviation Authority's certification
Liew: Malaysia poised to become Asean's regional hub for EV manufacturing
Paragon Globe secures development rights for 71.52 acres in Iskandar Puteri
Solarvest's 30%-owned unit to operate as merchant generator under Neda

Others Also Read